New Delhi, June 9 -- India has sufficient energy reserves to withstand a short-term closure of the Strait of Hormuz, but a prolonged conflict involving Iran extending into early 2027 could tip the global economy into a depression, Union Petroleum and Natural Gas Minister Hardeep Singh Puri warned on Monday.

Speaking to CNN-News18, Puri said India currently holds 76-80 days' worth of crude oil, natural gas, and LPG stocks - well above his stated comfort threshold of 60 days for each.

"What happens if Hormuz remains closed for another 30 days? We all have domestic situations, we have stocks . my comfort point used to be 60-60-60 which means 60 days of crude oil, natural gas and LPG - which I do have; I would say that's comfortable" he sai...